Crosstex Energy LP reported unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $445,689,000 against $371,709,000 for the same period a year ago. Operating income was $14,886,000 against $22,735,000 for the same period a year ago. Loss before non-controlling interest and income taxes was $5,243,000 against income before non-controlling interest and income taxes of $3,365,000 for the same period a year ago. Net loss attributable to company was $5,952,000 against net income attributable to company of $2,979,000 for the same period a year ago. Basic and diluted net loss attributable to company was $0.15 against $0.03 for the same period a year ago. Adjusted EBITDA was $57,686,000 against $58,478,000 for the same period a year ago. Distributable cash flow was $31,816,000 against $35,633,000 for the same period a year ago. Maintenance capital expenditure was $5,030,000 against $2,850,000 for the same period a year ago. Capital expenditures were approximately $123 million, including additional cash invested at Howard Energy Partners and maintenance capital expenditures. Growth capital expenditures of $118 million were focused mainly on the Cajun-Sibon expansion, as well as Riverside Phase 2, which are under construction.

Crosstex Energy LP (NasdaqGS:XTEX) is looking for acquisition opportunities. Crosstex has filed a Shelf Registration to raise $250 million. Crosstex intends to use the net proceeds for general partnership purposes, which may include paying or refinancing all or a portion of Crosstex indebtedness outstanding at the time and funding working capital, capital expenditures or acquisitions.

The Crosstex Energy companies announced the declaration of the quarterly distribution of $0.33 per unit on Crosstex Energy LP's common units. The distribution is payable on May 13, 2013 to unit holders of record April 30, 2013.